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Regionalism and Industrial Development

In: Emerging Issues in Contemporary African Economies

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  • Steve Onyeiwu

Abstract

The previous chapter shows that industrialization in Africa has not proceeded as expected, despite decades of various policies. In addition to industrial development policies, African countries regard regional integration as an indirect mechanism for promoting industrialization on the continent.1 Within the past four decades, several regional blocs have emerged in Africa, making it one of the continents with the highest number of regional institutions. Almost every country in Africa belongs to one or multiple regional blocs. Given the very small size of several African countries, regional integration is perceived as, perhaps, the best way they could develop the market size needed to achieve scale economies, efficiency, and international competitiveness.2 This chapter considers the potential role of regional integration in the process of industrialization, and uses the Economic Community of West African States (ECOWAS) as a case study.

Suggested Citation

  • Steve Onyeiwu, 2015. "Regionalism and Industrial Development," Palgrave Macmillan Books, in: Emerging Issues in Contemporary African Economies, chapter 0, pages 105-124, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-40080-2_5
    DOI: 10.1057/9781137400802_5
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    Cited by:

    1. Hammed Oluwaseyi Musibau & Suraya Mahmood & Agboola Yusuf Hammed, 2017. "The Impact of Foreign Capital Inflows, Infrastructure and Role of Institutions on Economic Growth: An Error Correction Model," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 3(4), pages 35-49, December.

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